US and EU regulators discussed reforms and toured CME


The U.S. Commodity Futures Trading Commission (CFTC) Chairman Gary Gensler and European Commissioner Michel Barnier met November 2nd, 2010 in Chicago Mercantile Exchange (CME). Top regulators met to discuss a range of issues concerning reforms for commodity markets, the regulation of over-the-counter (OTC) derivatives and the role of technology in the markets. Chairman Gensler and Commissioner Barnier reaffirmed their commitment to strong … [Read more...]

CFTC Seeks Authority Over All Derivatives

As Commodity Futures Trading Commission Chairman Gary Gensler prepared for testimony to be delivered to the Senate Agriculture Committee today in Washington, he stated that customized derivatives need regulation even when they are exempt from public clearinghouses.       “Regulators would create rules to make sure that such specialized derivatives aren’t slightly modified standardized products meant to evade public reporting,” Gensler … [Read more...]